"Gateway said it would pay about $235 million in cash and stock for eMachines, maker of low-priced personal computers sold through retailers Wal-Mart, Best Buy and Circuit City. Analysts said the deal makes Gateway a stronger, though still not threatening, No 3 player in PC sales, well behind Dell and HP," says the Mercury News.
"Privately held eMachines has 138 employees and claimed more than $1 billion in sales in 2003. Gateway has 7,500 employees and reported $3.4 billion in 2003 sales. But Gateway has also had a combined $1.84 billion in net losses in the past three years."
